Train Seats Market
Train Seats Market Global Industry Assessment & Forecast
#
Pages:
180
2021
Nov - 2021
VMR-2021-0245
Segments Covered
By
Train Regional/Intercity, High-speed, Metro, Light
-
By
Product Non-recliner, Luxury/Premium, Recliner, Subway Seats, Sleeper/Couchette
Snapshot
 Forecast
Years:
|
2021 - 2028 |
 Historical
Years:
|
2016 - 2020 |
 Revenue
2021: |
1.65 Billion |
 Revenue 2028:
|
4.69 Billion |
 Revenue CAGR
(2021 - 2028): |
4.3 |
Fastest Growing Region (2022 -
2028)
|
Asia Pacific |
Customization Offered
Cross-segment Market Size and
Analysis
for Mentioned Segments- Additional Company Profiles (Upto 5
With
No Cost)
- Additional Countries (Apart From
Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request
Customization Speak To
Analyst
Train Analysis: Preview On the basis of Train,
the market is segmented into Regional/Intercity, High-speed, Metro, Light. Regional/Intercity held the
highest share in 2020 and is expected to grow at a significant rate over the
forecast period. This is attributed to the rising demand for the Regional/Intercity
in developing countries such as China and India. Digitalization in Asia Pacific
region has led to a surge in the usage of technology in various business
processes over the past few years. Rising adoption of online platforms across
various sectors along with analytical solutions, IoT, AI, and Blockchain
technology to gain a competitive advantage is also paving the way for the Train Seats
market growth. Product
Analysis: Preview
Based on Product,
the market is segmented into Non-recliner, Luxury/Premium, Recliner, Subway Seats, Sleeper/Couchette. Non-recliner held the
largest share and is projected to grow at a notable CAGR over the coming years.
Rising demand for Train Seats in various countries
such as the U.S., Germany, China, India, and Japan, among others is likely to
support the growth of the market. Numerous companies are focusing on investing
heavily in this application to cater the end user requirements effectively.
Global Train Seats Market: Train Segment Analysis
-
- Regional/Intercity
- High-speed
- Metro
- Light
Global Train Seats Market: Product Segment Analysis
-
- Non-recliner
- Luxury/Premium
- Recliner
- Subway Seats
- Sleeper/Couchette
FAQ
Frequently Asked Question
What is the global demand for Train Seats in terms of revenue?
-
The global Train Seats valued at 1.65 Billion in 2020 and is expected to reach 4.69 Billion in 2028 growing at a CAGR of 4.3%.
Which are the prominent players in the market?
-
The prominent players in the market are Magna International, Transcal, KTK Group, Ultimate, USSC Group, Compin-Fainsa, Jia Yi Seating, Saira Seats, Delta Furniture, BORCAD, GINYO Transport, Grammer, Shanghai Tanda, Kiel Group, Freedman Seating..
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 4.3% between 2021 and 2028.
What are the driving factors fueling the growth of the market?
-
The driving factors of the Train Seats include
- Train seat market is mainly driven by the rising investment by government. With the rising investment, they are conveniently and swiftly nurturing transportation modes globally. Another determinant driver fueling the market for train seat is the rising safety features in high speed trains among passengers. While travelling in high speed train, passengers opt for safety. Hence, rising safety is expected to fuel the train seats market growth globally.
- Higher flexibility offered by advancements in seats may drive the market growth.
Which region accounted for the largest share in the market?
-
Asia Pacific was the leading regional segment of the Train Seats in 2020.
